/biz/ - Business & Finance

bump

would you buy gold at a pawn shop and let them hold onto it for you?

>>10178025
would you deposit money at a bank and let them hold onto it for you?

>>10177692
people usually put their coins in cold storage because they plan to hold for a long time, more than, lets say, 1 year, 1 year is enough for things to go really bad with the exchange, it could get hacked or become insolvent, small exchanges could exit scam which is concerning if you are holding any significant ammount of money

>>10177692

Anyone considering buying XRP right now should neck themselves. Buy XLM instead. I don't know why this keeps needing to be said. Buying XRP instead of XLM is like investing in betamax instead of VHS. Like HDdvd instead of Blu-ray

XRP isnt crypto, its a digital token backed by nothing

>>10178136
Why would they buy the more centralized coin run by the guy who created Mt.Gox and then sabotaged his next project? Some people never learn.

>>10178173
Which crypto is backed by something?

>>10177692
How much are you buying and how much are you willing to risk? Keeping it on exchange may be fine for some people, but only you can make the call.

>>10177692

>>10178182

>More centralized

You must not understand what that means, or how they apply to the token and crypto in question. Nice try though

>>10178208
Going to buy 5k of XRP over the course of the year
Going to plan to hold til it hits 400 or 500

>>10178226
Going to hold*
Also which exchange should i use? My options are either Uphold or Kraken since im from canada

>>10178214
XLM is the little gay and retarded brother of XRP
>slower
>more centralized
>less tps
>less development
>less adoption
>less partnerships
>volume on the xlm dex is a fraction of xrp's dex
>transactions per day is a fraction of xrp

>>10178239
I've never had an issue with Kraken. Haven't tried Uphold. Just be ready to move it off exchange if XRP moons.

>>10178136
Rofl jed is a cancer on this world

>>10178272
>I've never had an issue with Kraken
Good. So, it's safe to buy with Kraken. Do you hold your XRP on Kraken? I going to hold it on Kraken, none of this hardware, wallet bullshit.
Like i would invest in a hardware wallet if Ripple themselves said it on their site.

I heard Coinbase is more scammy

>>10178253
this, why would people buy XLM?
I guess they're the same that prefer BCH over BTC and EOS over ETH.

>>10178173
>XRP isnt crypto, its a digital token backed by nothing

it's literally a distributed currency backed by cryptographic signatures -- find a definition that excludes bitcoin but not xrp I dare you

>>10178284
Stop posting yourself, we know you're retarded>>10178213
>>10178287
People legit fell for LINK, biz is retarded kek

>>10178291
*includes

>>10178285
no need for a hardware wallet, you could use any desktop wallet, or even paper wallet

Yeah keep your shit on an exchange untik they got hacked and y lost it all.

>>10178293
>Stop posting yourself, we know you're retarded
not even me but stay poor retard

>>10178304
Why are you drinking retard juice? Oh right, you are retarded and you don't even know it.

YOU'RE RETARDED
>>10178303
Kraken said they would keep my XRP safe. Why would it get hacked???
>>10178302
XRP doesn't have any official wallets. Right?

>>10178323
>Oh right, you are retarded and you don't even know it.

>buying XLM
>not a retard

pick only one senpai

>>10178303
If y don't own your private key then y dont your money. That's the point of crypto m8, y don't need a wallet to hodl the coins, y need a a safe place to store the private key that used to access your shit on the blockchain and a address to recieve coins from people. Keepinf them from an exchange didn't give y any control of your shit at all.

>>10178323
They don't, and there's a couple on the App and Play Store.

For Android i'm sticking with this one:
https://play.google.com/store/apps/details?id=com.peninsulapps.zerpswallet

>>10178334
Tell me
How would you cash out?
How would you do it?

>>10178340
https://play.google.com/store/apps/details?id=com.toastwallet.core&hl=en

>>10178253

There is so much wrong with what you said. Blatant lies. /Slowclap

>>10178340
Not trusting any wallets or anything expect for this guide on how to buy XRP
https://ripple.com/xrp/buy-xrp/

Bitcoin is very diverse and popular so i would know how to use wallets, do cold storage etc etc but ripple is different

>>10178354
if you like xlm just go buy it why bother the big boys

>>10178304
>Being this retard

>>10178358
toast has 100k installs on android
https://play.google.com/store/apps/details?id=com.toastwallet.core&hl=en

>>10178323
Mt.gox said they will keep people money safe too.
Bitgrail said they will keep people money safe too.
And both of them somehow got hacked?yes they don't but their third party wallet is good like the ripple admin console or the Toast Wallet that on both android and ios.

>>10178360

Trying to help out a fellow Canadian. It's what we do. Not trying to ruin someone with bad info, American troll style.

>>10178349
Just transfer them back on the exchange then sell for money for btc, xrp tx fee is fucking low m8 like. Dude do y even bother to read about how thing work?

>>10178367
If ripple supports it then i will install it but i can't right now. I'm just going to stick to Kraken exchange and see what happens. I don't get why people are scared of hacking and shit.

>>10178415
>I don't get why people are scared of hacking and shit.

You're an unsecured creditor to the exchange. If it gets hacked on any of its massive attack surface area (any coin it trades has a bug) then you will most likely lose all your funds.

>>10178354
just point out the lie and we discuss, any other thing you dont point out its true

>>10178389
>Mt.gox
>Bitgrail
I never ever heard of these exchanges in my life until now. The only exchanges i know of is Coinbase (i've heard some stories where anons couldn't cash out or they lost all of it) Kraken and uphold (recently)

>>10178404
Are you sure if i buy XLM i would become rich...? I don't even know shit about it.
>>10178412
>exchange
>exchange
>transfer back
okay man, how about i keep the damn XRP on the kraken exchange and cash out on the damn exchange

>>10178425

All new deposits go directly to cold wallets, with complete air-gap isolation from any online system.

The vast majority of coins are stored in cold wallets, with complete air-gap isolation from any online system.

A limited number of coins are stored in semi-cold wallets, on protected machines with locked drives.

Only the coins that are needed to maintain operational liquidity are stored in hot (online) wallets.

All wallets are encrypted.

System Security

Kraken's servers reside in locked racks, in a locked private cage, inside a top-tier professional data center: this means armed guards, video surveillance, retina scans, the works.

Data is encrypted wherever possible, and systems are both redundant and isolated from one another.

Data is replicated in real time and backed up on a daily basis.

We currently use Cloudflare, among other measures, for protection from Distributed Denial of Service attacks.

Our office is wired with separate networks for separate purposes. The system our agents use to access your uploaded account verification documents cannot be used for anything else. Support tickets are on a completely separate system, and so on.

Our staff has been thoroughly reviewed, and multiple sign-offs are required for anything remotely sensitive.

>>10178444
>okay man, how about i keep the damn XRP on the kraken exchange and cash out on the damn exchange
this is why newbies will continue to lose money in crypto lol


kraken is literally mtgox 2.0 as in it's made by the same group of people

Financial Security

We maintain full reserves — a "bank run" is an impossibility.

Customer funds reside in a bank account separate from our operations account, and fees are transferred on a daily basis.

Customer funds cannot be borrowed to fund operations, nor can they be lent, even for margin trading on our own platform.

We have solid relations with our bank, and an agreement is in place allowing us to wind down our account in an orderly fashion, should our relationship ever come to an end.

We are pursuing multiple banking partnerships to build in some financial redundancy — so that even should the above situation come to pass, our daily operations will not be interrupted.

>>10178461
>what is a bug in a crypto
>what is a 51% attack
>what is bankruptcy
>what is unsecured creditor

nice list of stupid shit that won't help

>>10178472
if it's so great then make depositors secured creditors?

>>10178464
>kraken is literally mtgox 2.0 as in it's made by the same group of people

>Kraken
Headquarters: San Francisco, CA
Founder: Jesse Powell
Founded: 2011

>Mt. Gox
CEO: Mark Karpelès (2009–)
Founder: Jed McCaleb
Founded: 2010
Currency: Bitcoin

Legal Compliance

Bitcoin's legal status is still being defined, but Kraken takes a highly proactive and informed approach to ensuring legal compliance.

Our approach is to operate conservatively, entirely within the bounds of current law, and to constantly monitor regulatory developments so that we can anticipate changes before they occur.

Our compliance measures are designed by a five-member team of legal advisors, including a full-time General Counsel who is responsible for constantly evaluating our legal stance in the face of regulatory developments.

>>10178479
I'll listen to you if you tell me which operating system you use

>>10178444

https://itsblockchain.com/xlm-vs-xrp/
https://medium.com/stellarxhq/announcing-stellarx-7dd62c168c2f

XLM is about to turn the industry on its head

>>10178427

Xlm is faster. Xlm is less centralized. These are easily verifiable facts. It has more, bigger announced partnerships. Oh, and Stellarx. It's the most production ready crypto on the market. Xrp is way behind the starting line.

>>10178522
I don't give a shit if you keep your currency on an exchange, your loss. It's not safe, never has been. Exchanges have one of the shortest lifecycle of any business. If you want to be chasing around pennies on the dollar as an unsecured creditor to an exchange be my guest.

FYI keeping your currency in a cold paper wallet is the safest option. Next safest is a hardware wallet. Next safest again is iOS phone/ipad app.

>>10178537
>Xlm is less centralized.
Really? who controls the XLM validating nodes?

>>10178548
>doesn't me tell which OS he uses
Yeah, okay. I was going to follow your advice

If y believe them enough to keep money for y then be it mate. Really good to see y pick up some xrp it is a good projects anyway. People in this space just trying to tell y that in control of your money / private key is always a better and safer option that all. Mt.gox and Botgrail was one the top and after the hack everything is gone even their name and all of the exchange that got hacked they wrote the same buzz world shit in their term and security like >>10178507.
Good luck mate.

>>10178560
>I was going to follow your advice

Unironically don't follow any advice from /biz/ absolute retard. Do your own research.

>>10178556

https://itsblockchain.com/xlm-vs-xrp/

>>10178595
where's the UNL

>>10178585
Wait
aren't you on my side
wtf
why are we fighting
fucking hell, i quoted wrong>>10178293

>>10178630
Fucking hell, lol
im such a retard
man, these color ids are confusing meeeeeeeeeee

>>10178630
rofl np

>>10177692
hello frens gas the kikes race war now thank you

>>10178645
so what were you saying?
Im supposed to download an android xrp wallet?
is it open source?

>>10178595
https://github.com/stellar/docs/blob/master/other/stellar-core-validator-example.cfg

This is the example config for stellar nodes

Direct your attention to: # full validators (with history archive)
[QUORUM_SET]
VALIDATORS=[
"$sdf_watcher1", "$sdf_watcher2", "$sdf_watcher3"
]

This means all of the trusted validators are run by the stellar foundation. 100% centralized core validator set.

>>10178656
Toast is open source yeah

https://toastwallet.com

Legit suggest doing your own research though

>>10178661
Stop shilling your shit here he just an educate about wallet and safety wallet.

>>10178669
The thing is, ripple is blue balling.
They don't have official wallet apps
No official desktop wallets
Nothing is official, that's why i don't trust anything.

>>10178693
>The thing is, ripple is blue balling.
>They don't have official wallet apps
>No official desktop wallets
>Nothing is official, that's why i don't trust anything.

Neither does stellar?

But Ripple have a reason for it, under the fincen agreement they can't develop anything userfacing.

>>10178684
This was a counter-shill. Someone above was claiming XLM is decentralised. It is not.

>>10178703
FFS, why is this shit complicated
All i want to do is buy 5k XRP, HODL and cash out at 400 or 500

>>10178710
Oh shit I qute worng one m8.the ip is confusing af and i'm so fucking high right niw hjahhajh

>>10178754
Oh and pay taxes
I gotta look into that too.....

>>10178754
>>10178760

about 400k people have downloaded and trust toast across ios android pc versions

check the source too if you want

it's the easiest way to hold off an exchange otherwise just hold on an exchange and take the collapse risk

>>10178789
Fine fine, i will download it.....
Now i gotta buy a fucking phone
ahh

>>10178802
Just buy on kraken or btc on coinbase and send it to binance. Not hard you brainlet.

I got 500k XRP and will buy 700k more

>>10178537
Everything in that post is a lie anyone can deny in 2 minutes using Google
1500 tps vs 1000 of xlm
3 second transacción vs 5 to 7 of xlm
More than 100 validators with over 99% agreement, over 700 nodes, of xrp vs 10 "sponsored validators"
>No adoption
Rppl.info
xlm is the retarded and lacking development brother of xrp

>>10177692
c'mon dude, ripple?! really?!
they just ost a big fish, Western Union. they couldn't meet what they ve promised/ you better find oher project to invent in. Sky for example. Now with Island preparing to give the BTC datacenters for re-use because they won't mine anymore, since btc will crash, SKY will step in it

>>10181175
May have lost WU, may not have. We don't know. They did 10 transactions using xrp in 6 months.
Other partners are very very positive about the use of xrp and the benefits thereof.
I'm long on xrp but only time will tell. It's still very early in the game, and a lot of things can happen very fast either positive or negative.

Never trust exchanges.

Funds are saifu

BBVA , STANDARD CHARTERED, SANTANDER, MUFG, SBI

everyone is rolling out ripple bois.
Just a matter of time when they switch to xrp.
Its all confirmed. Only autistic retards cant see this shit.

I love how people try to ignore the ripple posts.
It will make all ur shit obsolete

>>10182339
Dont forget AMEX

>>10182405
Damn u are right.

SAMA, UAE, KOTAK MAHINDRA , YESBANK,
MONEYGRAM
the whole list is just tooooo looong to pull it out the sleeve :D
But i will leave this here for educational purposes

>>10182405
DID YOU KNOW that SWIFT and A BUNCH OF OTHERS BIG NAMES are active in the development of ILP?

Boi oh boi

>>10179128
I was going to buy xrp from kraken, then send the xrp to the toast wallet>>10178789

>>10178173

This is the definition of a brainlet

Just buy a Nano, from the official Ledger website. Funds are safu.

>>10183474
This idea is bad?
>>10182617
>>10178789

>>10177692
Shit newfags say
>I don't feel like doing this retarded offline cold storage shit.
One of the issue with XRP is its a newfag coin, the problem is the purchasers have not DTOR or haven't done much. This brings weak hands. Weak hands drop the price.

Also the case(s) against ripple for being a security have not been settled. it brings doubt. XRP is most likely a security the arguments are not based in reality...

>I'm not going to buy a fucking usb
You truly do not care about your financial future!

>>10177692
Someone has been keeping mine safe for a while now, I hope they can become best friends.

>>10178754
You are making it complicated cause you are a arrogant newfag!
Please go to /reddit/, you will get help there as they are no the same wave length as you!

>>10183514
>>10183535
I'm going to get a wallet, relax
>>10178789
Not gonna buy a fucking ledger nano usb
Fuck windows
Fuck ledger nano
Shit looks sketchy